Halftime report

Fidelity has raised its custodial minimum to $100m, giving RIAs until June 30, 2027, to meet that new requirement or face removal from the platform. It's a move with wider ramifications for hundreds of RIAs, rival custodians, and one that might redefine what it means to be a small wealth…

This bonus episode of This Week in Wealth features a fireside chat with Karl Heckenberg, founder and managing partner of Constellation Wealth Capital. Since its launch in 2023, Constellation has invested in 18 RIAs, which have a combined $340bn in assets. At last week’s Citywire CIO Summit in Austin, Texas,…

Dakota Wealth Management founder and CEO Peter Raimondi joins This Week in Wealth to discuss whether RIAs are well-prepared for a prolonged market downturn. He shares how he weathered the Great Financial Crisis, current client portfolio positioning, and his concerns about wealth managers’ leverage levels today. This episode was recorded…

This Week in Wealth breaks down the C-suite shuffle at Merit Financial Advisors, a $32bn Georgia-based RIA that has become one of the most acquisitive firms in the market. At the end of a year in which the firm will have completed 15 deals, Merit’s founder and chief executive Rick…

Ian dials in from the Future Proof conference in Huntington Beach, California, to give the lowdown on Anthropic’s Claude for Financial Advisors suite and dig into the AI firm’s tie-up with custodian Charles Schwab. Alex and Ian also discuss Creative Planning’s acquisition of RVK Inc., an institutional investment consultancy overseeing…